HMRC applies tough rules to prevent tax relief for entertainment costs. The good news is that there’s an exception for staff entertaining, but as the owner of the business does it extend to you?
Published 04.09.2019
Your firm’s Christmas bash is a few days away. It’s cost you £125 per head so far, but you expect this figure to rise. You’re worried the per-head cost will exceed £150 and so the tax and NI
exemption for such events will be lost. How can you prevent this?
Published 11.12.2019
HMRC rules normally ensure that non-cash rewards (benefits in kind) which you provide to your employees are taxed. However, free or subsidised meals provided as a perk can be exempt from tax and NI.
How and when can you take advantage?
Published 16.03.2020
The Taxman allows companies to pay for a director’s or employee’s mobile phone without it counting as a taxable perk. However, there are conditions which HMRC strictly enforces. How can you avoid
falling foul of these?
Published 30.04.2019
During a compliance check an HMRC inspector warned our subscriber that because of a change to the rules he might face a tax and NI bill for providing their staff with workplace clothing. What’s the
inspector referring to?
Published 13.02.2020
One of your longest serving employees is getting married and you intend to buy a gift. You’re keeping it simple with a voucher they can spend online. Is it more tax efficient for you to buy it
personally or for your business to pay?
Published 16.09.2019
Summer’s here (apparently), and a couple of employees have asked about buying a bike through work. You’ve heard that HMRC supports ideas like this through tax breaks. What’s to know?
Published 12.06.2018
In March 2018 HMRC put back the deadline for employer childcare schemes. It’s now gone a step further by extending the exemption to certain payments outside the scheme. What’s the full story?
Published 09.07.2018
Generally, gifts you make to your employees are taxable as benefits in kind unless they are covered by a specific exemption. However, are they taxable if the gift is being made for private reasons?
Published 18.02.2022
You buy season tickets and discount cards for your staff to lower the cost of business travel. They’re also used by staff for private journeys, which saves them hundreds of pounds a year. Should you
report this as a taxable benefit?
Published 19.02.2019